The Following Information Is Provided for Slickers, Inc

question 9

Multiple Choice

The following information is provided for Slickers, Inc. for year 2016: • Preferred stock, 7%, $50 par value, 1,000 shares issued and outstanding
• Common stock, $100 par value, 2,000 shares issued and outstanding
• Dividends in arrears for 2014 and 2015
• Total dividends declared and paid during 2016 totaled $25,000
How much of the dividend was paid to the common stockholders during 2016 assuming the preferred stock is noncumulative?

• A)$3,500.
• B)$7,000.
• C)$21,500.
• D)$14,500.

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Definitions:

Quid Pro Quo

A mutual exchange where something is given or received in return for something else, often used in the context of negotiations.

Sexual Harassment

Unwanted and unwelcome behavior of a sexual nature that can affect a person's job, work environment, or personal life, creating a hostile atmosphere.

Work Morale

The overall attitude, satisfaction, and outlook of employees towards their work and workplace, which can significantly impact productivity and job performance.

Economic Rewards

Economic rewards are financial benefits given to individuals or groups as compensation for their labor, investment, or contribution.